BBIF Florida Loan Products: Smart Growth for your Business

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BBIF Florida: Our Impact in Numbers

  • 12705

    Jobs Created/Retained

  • $58.3MM

    Community Leverage (NMTC)

  • $45.7MM

    Total Loan Dollars

  • 385+

    Total Loans

  • BBIF Florida: CDFIs, We See Things Differently

  • Smart Growth for Your Business

    BBIF Florida is a mission-driven lender and business development organization that helps communities thrive by providing loan capital for African American, other minorities and underserved businesses and by creating opportunities for low-income communities through real estate investments. The key to our success has been a deep sense of purpose, a broad perspective, and a consistent focus on achieving positive results. BBIF is Florida’s largest statewide small business lender that specializes in providing capital for African-American and minority businesses. Since 1988, BBIF has provided over $43.9 million in loans to over 365 businesses and leveraged $49 million in New Markets Tax Credit (NMTC) community investments; BBIF received its first federal NMTC allocation of $20 million in the 2014 funding cycle. BBIF is certified by the U.S. Department of the Treasury CDFI Fund as a Community Development Financial Institution (CDFI), Community Development Enterprise (CDE) and New Markets Tax Credit Allocatee. BBIF is certified by the U.S. Small Business Administration (SBA) as a Community Advantage “Delegated” Lender and Micro Loan Lender, the State of Florida as a Black Business Investment Corporation, by the Federal Deposit Insurance Corporation (FDIC) as a Money Smart Small Business Collaborator, by the U.S. Department of Transportation as a Short Term Lender and is a member of the prestigious Opportunity Finance Network (OFN), a national membership group of CDFIs. BBIF Florida administers several loan programs.